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Mortgage Rates-FAQs

How often do mortgage rates change in Ontario?

Mortgage rates in Ontario can change daily, influenced by the Bank of Canada policy rate, inflation trends, bond yields, and lender competition. That’s why working with a mortgage broker who monitors rate shifts daily can help you lock in the best rate at the right time.

How can I get the best mortgage rates in Welland or anywhere in Ontario?

Start by working with a mortgage broker who compares dozens of lenders — including banks, credit unions, and alternative lenders. Having multiple options means you get access to better rates and more flexible approval options.

What’s the difference between fixed and variable mortgage rates in Ontario?

Fixed rates stay the same for your entire term — great for predictability. Variable rates can change with market conditions, and may offer lower starting rates, but can also increase. The right choice depends on your risk tolerance and goals.

Do first-time homebuyers get better mortgage rates in Ontario?

Not necessarily on rate — but you may qualify for first-time buyer incentives, rebates, or special low down-payment programs that make homeownership more accessible. A broker can help you find these opportunities.

How do I stay up to date with Ontario mortgage rates?

Sign up for rate alerts, follow your broker on social media, and request to be added to a weekly rate watch newsletter. Mortgage rates can shift fast, and staying informed helps you act quickly when rates drop.

What are the current mortgage rates in Ontario?

Check our up-to-date mortgage rate table [insert dynamic rate link]. We update it regularly to reflect the most competitive fixed and variable rates available through our lending partners.

Can mortgage rates be negotiated in Ontario?

Yes! Especially if you have strong credit, steady income, and a sizeable down payment. Brokers negotiate with lenders on your behalf to secure the best rate and terms based on your situation.